Inflation is a pressing matter for many Americans, but the NFL is experiencing an unprecedented salary boom for franchise quarterbacks. The league’s increasing emphasis on star signal-callers have been reflected by the eye-popping contracts that have been exhibited during the off-season.
What is the latest instance? Jordan Love is the quarterback for the Green Bay Packers. Love signed a four-year, $220 million extension even though he only had one full season and no significant accomplishments. This deal ties him with Cincinnati’s Joe Burrow and Jacksonville’s Trevor Lawrence as the highest-paid players in NFL history, at $55 million per year. Love surpassed the previous record with a signing bonus of $75 million.
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The QB Rich List
Love‘s deal is a reflection of a larger trend in which quarterback salaries have increased significantly. Tua Tagovailoa is now the fourth highest-paid player in NFL history after signing a deal with the Miami Dolphins, earning $53.1 million annually. The market has been redefined due to the significant contracts that Jared Goff (Detroit Lions), Justin Herbert (Los Angeles Chargers), and Lamar Jackson (Baltimore Ravens) have signed.
Spotrac, has examined the current highest-paid quarterbacks in terms of annual salary.
- Joe Burrow (Bengals): $55 million
- Trevor Lawrence (Jaguars): $55 million
- Jordan Love (Packers): $55 million
- Tua Tagovailoa (Dolphins): $53.1 million
- Jared Goff (Lions): $53 million
- Justin Herbert (Chargers): $52.5 million
- Lamar Jackson (Ravens): $52 million
The quarterback market’s rapid evolution is evident in the fact that the top 10 annual salaries have only been established in the last three years.
Nfl Super Bowl Lvii Kansas City Chiefs Vs Philadelphia Eagles
All-Time Most Expensive Contracts
Patrick Mahomes of the Kansas City Chiefs remains the top player in total contract value with his $450 million deal. Burrow, Lawrence, and Herbert’s recent contracts are advancing towards that milestone:
- Patrick Mahomes (Chiefs): $450 million
- Trevor Lawrence (Jaguars): $275 million
- Joe Burrow (Bengals): $275 million
- Justin Herbert (Chargers): $262.5 million
- Lamar Jackson (Ravens): $260 million
The Next Wave of Milestones
Given the current trend, the NFL may soon receive its first $500 million contract and a $75 million-per-year player in the next 2-4 years. The league is on course to produce its first $1 billion player or $100 million-per-season earner in the future. Caleb Williams (Chicago Bears), Jayden Daniels (Washington Commanders), and Michael Penix Jr. Are among the rising stars. The Atlanta Falcons could be the ones to set these records.
Final Thoughts
The quarterback position is still the main focus of NFL franchises, and their salaries reflect their huge worth. The league’s revenue growth and teams’ continued investment in young talent suggest that these record-breaking contracts are only the beginning. Fans are reminded of the NFL’s devotion to the most important position in sports.
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